japan's nikkei is reporting that toyota may report an operating profit of 40 billion yen. and that is 2.5 times what they originally forecast coming on the back of reduced costs and weaker yen. >>> well, our next guest is seeing signs is of exhaustion in risk appetite. he is now seeing a one-month lag between the baltic index, and selected commodities. this could in turn result in a decline in commodity currencies versus the u.s. dollar. for more on the decline of the baltic index, we bring in the chief market strategist with cmc markets. always good to have you on the program, and welcome back. >> thank you for having me, maria. >> let's talk about the correlation by tween the baltic dry index and commodities and what does it tell you and why is this index so critical from your standpoint? >> yes, maria, the baltic dry index is a cost of shipping goods, and materials and non-fuel, but we have to be careful before we talk about it further. we have to say that the cost of these ships is not only a factor of the demand, but also of the supply and of the availability of ships